301 7th St NWNew RichlandMN56072
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Nearby investment properties with comparable prices
Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Investment property for sale in New Richland at 301 7th St NW, New Richland, MN, 56072 offers a 10.09% rental yield on a $419,900 purchase with $3,529/mo rent. Total monthly income registers $3,529/mo, and a $2,055/mo payment leaves $907/mo available for distribution. Annual cash flow reaches $10,886/yr on $139,197 to close, and return on cash invested stands at 27.73% in year one. Equity gained on principal adds $2,710/yr while 5% annual appreciation supports $116,011 over five years. Portfolio math shows five-year ROI at 144.88% and total cumulative return in cash at $201,672. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,529/mo property income against a $2,055/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2006
0.34 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56072, New Richland, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,015 (100%) |
| Owner Occupied HU | 780 (76.8%) |
| Renter Occupied HU | 138 (13.6%) |
| Vacant Housing Units | 97 ( 9.6%) |
| Median Home Value | $207,292 |
| Average Home Value | $282,580 |
Housing Distribution
Address Breakdown
Residential
855
Single Family
834
Multi-Family
21
Businesses
59
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Listed by: Steve Mudgett • National Realty Guild
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6776834